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Diamondback Energy Inc

Energy
$128.36
- $3.09 (2.35%) 1D
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Performance

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    Today’s High
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      Open PricePrev. CloseVolumeAvg. Volume
      $132.10$131.453,284,8302,369,071

      Fundamentals

      Market Cap$22.78B
      P/B Ratio1.8
      P/E Ratio8.3
      Enterprise Value$28.89B
      Div. Yield2.13%
      Book Value71.77
      EPS(TTM)4.39
      ROENA
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      About the Company

      Headquartered in Midland, Texas, Diamondback Energy is an independent natural gas and oil company. As of 2020, it had a workforce of about 712 employees, with all its reserves located in the Permian Basin. By the end of 2019, it had estimated reserve
      Headquartered in Midland, Texas, Diamondback Energy is an independent natural gas and oil company. As of 2020, it had a workforce of about 712 employees, with all its reserves located in the Permian Basin. By the end of 2019, it had estimated reserves of 1,127 million BOE that is 6.89×10⁹ GJ, 17% of which was natural gas, 20% of it was natural gas-liquid, and its remaining 60% was petroleum. Its activities are mainly focused on the horizontal exploitation of several intervals within the Spraberry, Bone Spring, Wolfcamp, Clearfork and Cline formations. The company has a partnership with Rattler Midstream LP, a growth-oriented Delaware Ltd. This enables Diamondback to acquire, own, develop and operate infrastructure assets on Delaware and Midland Basins of the Permian Basin. Rattler offers midstream services related to crude oil, water and natural gas under a long-term fixed-free contract. It also has a partnership with Viper Energy Partners (VEP) that acquires and exploits natural gas and oil properties located in North America. IVEP provides unitholders significant returns by focusing on increasing distribution, pursuing accretive development and business results. It pursues accretive growth through the acquisitions from third parties and Diamondback Energy. Diamondback started operating in December 2007 in Delaware and had about 4,174 acres of area in the Permian Basin. It went public in 2012 through an initial public offering and issued 12,500,000 shares of common stocks at an initial price of $17.50 per share. It trades in the NASDAQ stock exchange under the trading symbol FANG. On 3rd October 2018, FANG stock prices touched their highest ever at $139.92 per share, and exactly after two months, entered the S&P 500 component list. It acquired assets from both Birmingham Resources Midstream, LLC and Birmingham Resources Operating, LLC for $2.55 billion in 2017. The next year, it acquired the assets of Ajax Resources in October and Energen in November. In 2020, it successfully acquired a place in Forbes Global 2020 list.
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      OrganisationDiamondback Energy Inc
      IndustryOil & Gas E&P
      HeadQuartersMidland, TX

      Company Financials

      *All values are in Million $
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      FAQs on Diamondback Energy Inc

      Can I Buy Diamondback Energy Inc Shares in India?

      Yes, Diamondback Energy Inc shares can be bought in India by opening an international trading account with Groww.

      How to Buy Diamondback Energy Inc Shares in India?

      One can easily invest in Diamondback Energy Inc shares from India by: Direct Investment - Opening an international trading account with Groww which includes KYC verification in the US. Your account gets activated in a few minutes to a few hours, after which you can start adding funds in USD balance to buy Diamondback Energy Inc shares. Indirect Investment - Under this form of investment, you can choose either a Mutual Fund (MF) or an Exchange-Traded Fund (ETF) that invests in global shares and start investing in shares of Diamondback Energy Inc.

      What is the Share Price of Diamondback Energy Inc?

      The share price of Diamondback Energy Inc is in Dollars and if you are investing from India, you can always check the INR valuation before investing. The current Diamondback Energy Inc share price is $128.36 as of 18 May ‘22

      What is the Market Cap of Diamondback Energy Inc?

      The Diamondback Energy Inc market cap is $22.78B as of 18 May ‘22

      What is the PE and PB ratio of Diamondback Energy Inc?

      The PE and PB ratio of Diamondback Energy Inc is 8.3 and 1.8 as of 18 May ‘22
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